David Jones Jr. Talks About Future Opportunities After Stepping Down as Humana’s Chairman

Friday, September 24, 2010
Business First of Louisville – by Ben Adkins Staff Writer

Last month, David A. Jones Jr. stepped down as chairman of Louisville-based health insurer Humana Inc., a position he has held since 2005 when his father, Humana founder David A. Jones Sr., retired.

Jones Jr. will remain on Humana’s board while Humana CEO Michael McCallister takes on the duties of board chairman.

The shift in duties gives Jones Jr. more time to focus on his role as chairman and managing director of Chrysalis Ventures, a Louisville-based venture capital firm that focuses its investments largely in the Midwest and South.

Chrysalis Ventures closed its fourth investment fund at $175 million in 2008, prior to the recession. That fund has allowed the firm to invest in 14 companies so far, and the firm likely will invest in “a couple more this year,” Jones Jr. said.

Read more….